Australia has released Unemployment Rate, Employment Change and Full Time Employment Chg and the US will publish Philadelphia Fed Manufacturing Index and Fed Quarles Speech.
The support rests at 0.73480 with resistance at 0.74420 and the weekly pivot point at 0.74230 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below the 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The price may decline towards 0.735 but the support line seems to be too strong to be broken, buyers can expect the correction pattern soon.
